Duncan Engineering Ltd

Meeting Details

• Board meeting on Aug 3, 2026 to consider unaudited quarterly results for quarter ended June 30, 2026.

Key Agenda Items

• Consider and approve unaudited quarterly results for the quarter ended June 30, 2026.
• Any other matters as may be considered appropriate by the Board.

Other Notes

• Trading window closed from July 1, 2026 and reopens 48 hours after publication of the results.

Dematerialisation processing and listing

• Dematerialisation requests received in the reporting quarter were confirmed to depositories (accepted/rejected).
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after due verification.
• The depository's name has been substituted as registered owner within prescribed timelines.

Dividend details

• Dividend type: Final dividend for FY 2025-26.
• Dividend amount: Rs 3.00 per equity share.
• Face value: Rs 10 per share.
• Dividend rate: 30% of face value.
• Record date: 17 July 2026.
• Tax deduction at source applicable.

Financial highlights

• Revenue from operations: 8,067.35 Lakhs; down 4.77% YoY.
• Total revenue: 8,294.59 Lakhs; down 5% YoY.
• PBT: ₹653.04 Lakhs; down from ₹674.76.
• PAT: ₹486.01 Lakhs; down from ₹521.07.
• EPS: ₹13.15; vs ₹14.10.
• Final dividend ₹3.00 per share; total ₹110.88 Lakhs.
• Net worth ₹6,075.44 Lakhs; up 6.87%.
• Retained earnings ₹4,686.37 Lakhs; up from ₹4,311.22.
• Dividend Distribution Policy available on company website.

Dividend & capital structure

• Equity share capital: 36,96,000 shares; paid-up ₹369.60 Lakhs.
• Promoter holding 74.56% as on 31.03.2026.
• Promoter mix: AG Ventures 50.01%, Cosmopolitan 24.50%, Duncan Int’l 0.05%.
• Record date for dividend: 17 July 2026.
• 65th AGM on 24 July 2026 via VC/OAVM.

Operations & geography

• Single segment: General Engineering Products.
• Domestic revenue ₹8,046.98 Lakhs; exports ₹20.37.
• DEL Arabia formed 11 December 2025; not yet operational.
• Intercompany loan to Holding Company ₹500 Lakhs; repaid within 10 days.
• Capital commitments ₹65.12 Lakhs (net of advances).

Governance & audit

• Board of five directors; one woman, mix of promoter, executive and independent.
• Arti Kant ceased as director on 6 Aug 2025.
• Shanu Gupta appointed Company Secretary on 16 May 2025.
• Statutory auditor: S S Kothari Mehta & Co. LLP; Secretarial auditor: S. Vaishnav & Associates.
• Related party transactions are arm’s length; omnibus approvals in place.
• Five board meetings conducted in FY2025-26; MD/CFO certifications filed.

CSR & sustainability

• CSR spend ₹17.13 Lakhs; 2% average net profit ₹17.01 Lakhs.
• CSR obligation for year ₹16.13 Lakhs; no surplus carry forward.
• Unspent CSR funds: none.
• CSR focus: education, health care, environment.

Management discussion & outlook

• India FY2026 growth expected 6.5-7%.
• Industry trend: automation and integrated solutions.
• Opportunities: industrial automation, oil&gas, defence sectors.
• Outlook: balanced growth across segments; expansion in Middle East.

Capital management & risk

• ICRA rating: BBB+(Stable); short-term A2.
• Net debt to equity ratio: 0.06; cash ₹5.75 Lakhs.
• Net cash from operations: ₹-62.23 Lakhs; financing ₹14.40; net cash flow negative.
• Exposed to currency and interest rate risk; managed via diversification.

Order details

• The awarding entity is Bharat Petroleum Corporation Ltd., a Government of India undertaking.
• Supply of valves (On-Off Floating Ball, Trunnion Ball, Triple Offset Butterfly) for Bina Petchem & Refinery Expansion.
• Total order value is Rs. 5.54 crore excluding GST.
• Awarded by a domestic entity; Bharat Petroleum is domestic.
• Execution within eight months from receipt of the order.
• Supply as per drawing; strategic order with negligible margins.
• No promoter or promoter-group interest in the awarding entity.
• Not a related party transaction; arm's-length basis not applicable.
• Strategic order with negligible margins may affect near-term profitability.